Sri Lanka’s Marxist-Nationalist JVP’s split bursts into the open
Sept 29 (LBO) - The simmering power-struggle within the JVP, or People's Liberation Front, came out into the open today with a stalwart disclosing …
All News
Fitch rates The Finance Company’s Rs500 mn debentures BBB-(lka)
Sept 29, 2006 (LBO) - The Finance Company Ltd (TFC) gets ‘BBB- (lka)’ national long-term rating from Fitch for its upcoming 500 million …
Fitch affirms NDBs AA(lka) rating post merger with NDB Housing
Sept 29, 2006 (LBO) - Fitch Ratings Lanka Friday affirmed its AA (lka) rating for NDB Bank following its merger with NDB Housing Bank. NDB tookover …
Sri Lanka’s Central Bank hikes short term interest rates by half a percent
September 28, 2006 (LBO) - Sri Lanka’s Central Bank Thursday hiked short term rates by 50 basis points, two days after shutting the …
Sri Lanka economy grew 7.2% 2Q06: Statistics Dept
September 28, 2006 (LBO) – Sri Lanka's economy expanded 7.2 percent for the second quarter of this year, on the back of good rainfall and …
Higher Bar
Sept 28 (LBO) – The Sri Lankan government said Thursday that it would amend the country’s Finance Companies Act, to allow minimum capital …
Streaming Fast
September 28 2006 (LBO) – India’s Bharat Sanchar Nigam Limited Thursday officially kicked off a 1.8 billion rupee undersea cable unit …
Sri Lanka’s central bank restores cash facility to calm markets; emergency 50bp rate hike
September 28, 2006 (LBO) - Sri Lanka's central bank Thursday regained control of the country's runaway short-term rates by restoring a standing …
Hedge Advice
Sept 28, 2006 (LBO) - Sri Lanka should hedge oil prices to mitigate negative effects on the economy, by entering into contracts with foreign banks, …
Norway steps up Sri Lanka peace drive
Sept 28, 2006 (AFP) - Sri Lanka's peace broker Norway stepped up moves to arrange face-to-face talks after the government accepted a pledge by the …
200 civilians die in two months of Sri Lanka fighting: monitors
Sept 28, 2006 (AFP) - Fighting between Sri Lankan troops and Tamil Tiger rebels has caused the deaths of at least 200 civilians in the past two …
One of world’s last “open outcry” trading pits shuts in Singapore
SINGAPORE, Sept 28, 2006 (AFP) - They curled their fingers, raised their arms, and tapped their heads while their throats went dry from hours of …
Mutual Benefits
Sept 28 (LBO) – Japan™s Asia Pacific University (APU) tied up with Sri Lanka™s Chartered Institute of Management Accountants and the ICT …
India’s 1Q GDP data to confirm eight pct full-year forecast: analysts
MUMBAI, Sept 27, 2006 (AFP) - Indian first quarter gross domestic product data this week is expected to confirm widespread forecasts for Asia's third …
Sri Lanka’s tea production dips in Aug on bad weather, high fertilizer prices
Sept 28 (LBO) - Sri Lanka's tea crop production dropped in August on a combination of bad weather and reduced use of fertilizer on estates due to …
Family Ties
September 28, 2006 (LBO) -- The Strategic Enterprise Management Agency (SEMA) and top state bank officials are due to present a comprehensive …
Pricing Wars
Sept 27 (LBO) – Sri Lanka's state oil giant Ceypetco dropped fuel prices on Wednesday to appease trade unions, but has been helped by falling …
Sri Lanka jets hit Tiger training camp
COLOMBO, Sept 27, 2006 (AFP) - Sri Lankan war planes bombed a suspected Tamil Tiger training camp as the two sides exchanged artillery attacks across …
India could process 30 percent of US bank transactions by 2010: reports
NEW DELHI, Sept 27, 2006 (AFP) - India's outsourcing industry will be able to process up to 30 per cent of US bank transactions by 2010, more than …
Norway welcomes Sri Lanka talks pledge
OSLO, Sept 27, 2006 (AFP) - Norway on Wednesday welcomed an announcement by the Sri Lankan government that the leader of the Tamil Tiger rebels was …
Sri Lankan agri-business company CIC launches tea advisory service
Sept 27, 2006 (LBO) - Sri Lankan agri-business company CIC on Tuesday launched an advisory company for plantation firms and smallholders, in efforts …
Sri Lanka killing fields to haunt negotiators at Swiss talks
GENEVA, Oct 27, 2006 (AFP) - Sri Lanka's warring parties are to meet in Geneva Saturday amid international pressure to stop a new spiral of killings …
Peace hopes rise as Sri Lanka says Tigers agree to talk
Sept 27, 2006 (AFP) - Hopes for peace in Sri Lanka rose Wednesday after the government revealed Tamil Tigers have agreed to resume face-to-face …
Sri Lankan boxers disappear in Germany
Sept 27, 2006 (AFP) - Two Sri Lankan boxers taking part in the world military championships in Germany have fled their hotel after eluding security, …